New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-19
WALL STREET LIES EXPOSED.
FALSE TALK ABOUT THE TREASURY.
MOVEMENTS FOR THE wEEK-CHANGES
IN DEPOSITS

| SUNDAY. Dec. 1s-r N.
| Never before did the trite adage, "a lie will
| travel league while truth puts It's boots"
receive suoh full confirmation of It's significance
as it has done among Wall Street people during the
last six or eight months Daily the assertion has
been made that the Treasury was accommodating
money in its vaults and thus Withdrawing the life
blood Of commerce from the arteries Of circulation.
And only once a week has that idea been COM
batted, aud that by the publication In this column
OF the comparative condition of the
Treasury's cash rs shown by it's off,
cial figures. Only yesterday Wall Street agency
sent ont the following: " The Treasury gained
$507, 900 on balance yes-erdav. making the total
gain for the month to date SO. 1914 9S4" This item.
if it means anything. is intended to convey the
| impression that since November 80 the Treasury
has Withdrawn from the general circulation
S9.39i 1884. The fact it, that by Yesterdays state
ment the Treasury had in its vaults 1867 591
less money than it held November 30, and adding
| to this sum the silver dollar coinage, estimated at
81 200. 900 IN the sixteen days. gives the sum Of
S3 567, sol as the approximate addition to the xeh-
era circulation of legal money since November 80.
| But, including its deposits in National banks at
the respective periods the Treasnry's net cash
balance is 1897. 4l3 less than Oh November 30, IN
stead of a gain of $9,304,0S4 for the month to
date.
The United States Treasurer last week received
from customs S3, POI, l45 and from internal reve
nue. 81. AL 6G7; total from both. So, 662,S In
Gliding an addition OF So 425, $50 to the public de-
| posts IN National banks, the Trcasurys net cash
| balance was increased during last week the sum
of $32sS. 7G9. The net cash in Its vaults was re-
duced $l36411; to which add 5000 900 for the
| weeks coinage of standard dollars and We have
! S73G.4ll as the weeks expansion Of legal money
| circulation. BY reason of an Increase OF
$i92.3f9 in the liability for redemption OF
| surrendered National bank note' circulation
! the available balance. including deposits IN Ma
tICual banks. was increased only S2.I961-O and
is now 81 O59. osl less than il was November 30.
The principal cha ngcs III the net cash III vaults
| last week were made mp as follows: A goid gam
| o. Si3S. 1862 by gain OF SlOlO,360 bullion, less
an issue Of T57226O certificates: n cgal-tender
gam OF $}29G7S. hy gam OF Sf29.G1S notes, less
IN issue of 100000 ceriIiicac,; loss OF
SS3l 500 SILVER, by an l4Sue of Sl33o;66I certlil-
Gates. less a gam OF S123, sll com ana bullion.
Suboined are the results Of yesterdays statement
compared with that of December 10:
Dec 10. 1897. Dee II. 1897. Differences
Gold co.u anil onl.
sllle727oo tIl2uoss Inc. ssssloo
sat Lac. ' s5Ss55 iSi 53 be- '4:s i:
si balro ,o lar; e csri
.,ae.o. ~ . W. 57Iaolot 5e9es97 Dec sal.s'6
ca.h 10 rrcasury 254 SIS o27,is Dec slSs'li
'i Saas, III H- a74ss7le 4oo2tsoo a4e5 80
Total baanc. sse5 e5ssIi ssssg527i2 Inc sS.ss 7oo
leld to redeem
N.t. bank nots.
per ceat iuat..., IlL2lao7 ln7liaGc Inc. to2.a'9
1ncc .sliL.Ii.JJ5 gII7.sil51G Inc. - 796i2o
Naa lr<.i toaayr
YER eo.as '..'''. 2tI53.s2G 2tlsc.73o Inc. 2s9ot
To.ibaaoce sIs- rs -. sslli-i ios Inc sl-2,.jei
The withdrawal, "f bond, on deposit wIrl the
Treasurer .ecufc National bank n"'e circulation
last week were - III .3oo ana tHe 'cp',L'S t"t
new circulation were $3.50 he ie- chances
/ 10 the deposits were ~ fpON-: S}22.ICO less LIZ
pcr cent. mt SOL 800 les ! per cent; t"ia' re-
I duction 81 .O1i 800. But the deposits 10 secure
/ Government cash deposits Wcfc increased
/ S,2gJ 900 hv an addit.oI al TGJo 30 i'2 PER
com, and - 6tJ 600 / ncr cents. rI'~ldS the de-
! p,sits Tor thai purpI-c - 4GONo.ODO Which by
fr existing rule permits Government cash deposits
IN NatIona, banks To the amouIt Of Tl",2I"opo
I or = 800 900 grr ticr th1h lhe cl'h ucpohlS r'-
por,cd by yesterdays statement
THE BANKS CONDITIONS COMPARED.
week ago we wrote that :" the actual amount of
/ money ia banA FIJI I1y evening wH' greater thih
the average sum for the "reA. ~ thr operations atom,
oI the sub rca-ury la The week ended lat LrIday
evening. which included the rcript of S>|o,ooo
! TOR exchange GA New Orleans CINCINNATI rtc the
banks gained IN casa Syl3JVO: bui this Riih IN
the average ior the week would hardy ctuut Tor
. more thai s5uO.OpO Yesterdays hank state
/ uent gives a "a To the cash OF SlG~b.10o inns
gam reflects. ur,i, the rNu NJ a,er'g' ot the
/ statement of the preceding week aud.
second receipt Of money from the interior
/
away cN- Treasury eNchrngr' ana ih"''',l'7 la, .e
cash III bank FIR dy evening again vas grchi"r than
the sum reported ~ thr aNciIg ~ for the week
! decrease OF =. GS2 100 IN loans Is dhe parity 10
! payments nl mercantile paper and partly 10 pay
ncut of loans ana securities which bavr be'n cent
10 Europe The decline N deposit, Is nearly
I 900 900 smaller than the sum of decline when
tne other changes cal for. Inc statement results
m an Increase OF 81 I'll 300 to The ,nrpn. over the
- ger cent rule and leaves II az S|'2N loo against
/ > COS 200 December il. lNNb go
The changes IN the week of $50 were ~ follows:
~ go 400. deposits decrease" ~ II = lpo ana the
| :" ,utplu," reserve decreased $1,000.
/ Compared with date OF | $50 the bank loans now
are S57OOO.oO greater han then. th' 'aNii h'iu -
I SI7 900 600 greater The deposits are S7looD,o0o
/ pr,a ter and tue surplus reserve ~ TGNJJ,O'o
/ greater.
The following compares the tota Of Yesterday sltemen1
win those the spending iaie' ~ So ami 1888
p.c ~ 1880 bee ~ 1850 Dec II 1857.
Yam. s.at S72 GIo sIiS 6'37oO $50 2Gl,2nO
specie S,G'7 10, ta 90 .9, S,3g W., 90"
r 80" NJ go 900 35a.s6lGap J5!.5G9.7ol
C,.pgniAt.or ...... IsI74f0p 7.9ii 100 so3Gvov
Tho following relation bnyeen tho total reserves
anu tle total deposits Al Li1 Respective l't''
spcci. - $55.b15.olJ $'i.iN6 900 SthoSttoO
Legal.tendrrs 49,. l&3lNAoO lS0o-'1oo 300
Total reserve. sos. $4,000 sos4tsooo sos,s:n 100
N sSst deposits, G6o,72,o ss44o'oo s7.s'I.7o,
srrr,,. s2o-s-25 S4.oO,2oo s7.g.o,4co
hstlo OF iesarve'o 257s 26IJ 27.6
Tnc follorIup 1, Yesterday, statement detail
Legal
Ranks Lonn+ Specie tenders pepo''''-
A. vI 10 100 900 2o7ooOo 9ojOoo 9.hJ0OJJ
aanhst comp. 9n.5Wo 2t1gog 1,9p m nn' G't' I,Gi
Trhanic, 1000 is3IuJO G5sOuO Gp739oO
NTnr,r. l"s,teIO iao- 900 4seouo 700
l p,.,t, $1,000 IU4l 81 900 2'HuDO 2,-l4.hDO
,rr.lscsm,sn;. 2541uoO 45LuOO lJi.t01 2,50a3Oo
D ~ -nl LII